Hudson Company reports the following contribution margin income statement. HUDSON COMPANY Contribution Margin Income Statement For Year Ended December 31 Sales (9,600 units at $225 each) Variable costs (9,600 units at $180 each) Contribution margin Fixed costs Income $2,160,000 1,728,000 432,000 324,000 $108,000 Units sold Selling Variable Target price per cost per income 9,600 $225 $180 $162,000 Required: 1. Assume Hudson has a target income of $162,000. What amount of sales dollars is needed to produce this target income? (Use cells A4 to G15 from the given information to complete this question.) Dollar sales for target income 2. If Hudson achieves its target income, what is its margin of safety (in percent)? (Use cells A4 to G15 from the given information to complete this question.) Margin of safety